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Oct 12, 2012
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i just had lunch with a banker today in florida. >> who paid? >> she has more compliance staff than lenders. you have to remember the cfpb, da dodd-frank. the economy has not recovered yet. >> guys, this is a reflection of how spoiled americans are when it comes to mortgages. we are the only country in the world where the banks bear the interest rate risk for 30 years. if we don't pay it back, they don't come after any of our other assets. they don't seize anything else. we just mail them the keys. they bear a lot of risk. >> more compliance officers than lenders. >> thank you, all. go call your mortgage lender. thanks, alex. see you later. that was fun. where were we? u.s. defense secretary -- this is a fascinating story. he's sounding a clairion call. >> these kinds of attacks could be a cyber pearl harbor. >> a cyber pearl harbor. leon panetta pledging tough pentagon action in response to these potential cyber attacks targeting critical u.s. control systems. eamon javers life from washington next on what it could cost corporate america. >>> a
i just had lunch with a banker today in florida. >> who paid? >> she has more compliance staff than lenders. you have to remember the cfpb, da dodd-frank. the economy has not recovered yet. >> guys, this is a reflection of how spoiled americans are when it comes to mortgages. we are the only country in the world where the banks bear the interest rate risk for 30 years. if we don't pay it back, they don't come after any of our other assets. they don't seize anything else. we...
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Oct 11, 2012
10/12
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here in florida, foreclosures are up by 24% 11 months in a row. we're seeing similar problems with the price trends. prices are bumping along the bottom, which can be worse in the long run than sharp drops. historically, we're still really far away from where the price trends should be. >> fran, you see it the other way, don't you? why? >> i do. i think that the third and fourth quarter last year was obviously a standstill. we saw a lot of little movement happening. then what we saw is that the u.s. economy overall was actually not really doing so well in the stock market, unless you're in apple. at the end of the day, we saw people not really sure what was going to happen in terms of whether they were going to get a pay increase on wall street, if they were going to get paid at all. what we saw in the first and second quarter of this year was a huge shift. we saw people seeing pent up demand because they want toddy verse if i their portfolio. they wanted to see their money work for them, and the stock market was not yielding more than 3% on avera
here in florida, foreclosures are up by 24% 11 months in a row. we're seeing similar problems with the price trends. prices are bumping along the bottom, which can be worse in the long run than sharp drops. historically, we're still really far away from where the price trends should be. >> fran, you see it the other way, don't you? why? >> i do. i think that the third and fourth quarter last year was obviously a standstill. we saw a lot of little movement happening. then what we saw...
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Oct 26, 2012
10/12
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florida knew they would deal with the fringe effects. that said at the time of high tide this wave action we have behind us run all the way up to these chairs here. i'm telling you, it was a matter of luck that they didn't wash out to sea. we'll see what happens at 7:00 when the next high tide rolls in. we've had bands of rain, some produced gusts as high as 50 or 60 miles per hour. the weather from south florida to north will start to improve tomorrow. we know that. this is what i'm afraid of. we're going to see a storm that will weaken in terms of tropical intensity, go down to cat one and maybe even 70 miles per hour and become a tropical storm. as that's going on, it's going to change its characteristics, it's going to go from just a tropical system to a nor'easter. the wind field will spread. it's about 400 miles wide. it could be as high as 800 miles. 800 miles before it makes its way onto the coastline by tuesday morning. that means just take half of that, 400 miles worth, from d.c. and baltimore to new york city, going to have to
florida knew they would deal with the fringe effects. that said at the time of high tide this wave action we have behind us run all the way up to these chairs here. i'm telling you, it was a matter of luck that they didn't wash out to sea. we'll see what happens at 7:00 when the next high tide rolls in. we've had bands of rain, some produced gusts as high as 50 or 60 miles per hour. the weather from south florida to north will start to improve tomorrow. we know that. this is what i'm afraid of....
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Oct 3, 2012
10/12
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he's 9/11 florieven in florida,. he still trails in ohio by five points. that's a big problem. he needs to win the state of ohio. that just shows he has an opportunity tonight. three other big economic issues they're going to be talking about, first of all, on taxes. mitt romney hasosed a 20% across the board rate cut for individuals, but he hasn't specified how he's going to pay for that without increasing the deficit or increasing the burden on middle and low-income workers. president obama will press him on that. by the same token, p obama says he wants to cut the corporate rate from 35 to 28. he hasn't specified how he's going to pay for that. on jobs, you can expect to hear mitt romney talk about on net since january 2009 when barack obama took office, hardly any jobs created. barack obama will talk about a time line beginning in early 2010. since then, 4 million private sector jobs have been created. finally, medicare, the big issue threatening go bankrupt the budget long term. mitt romney is proposing a substantial change that would include vouchers. he hasn't said how m
he's 9/11 florieven in florida,. he still trails in ohio by five points. that's a big problem. he needs to win the state of ohio. that just shows he has an opportunity tonight. three other big economic issues they're going to be talking about, first of all, on taxes. mitt romney hasosed a 20% across the board rate cut for individuals, but he hasn't specified how he's going to pay for that without increasing the deficit or increasing the burden on middle and low-income workers. president obama...
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Oct 31, 2012
10/12
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the government comes out and puts some programs up to try to help them rebuild like they have done in florida and louisiana. i don't know what the government and the president will do for new jersey, but it's typical for the government to step in and help these people. that said, if somebody has bought the right kind of protection, the federal government is there. we adjust those claims and help people put their lives back together. >> in terms of putting their lives back together, from the difference between wind damage versus flood damage, you cover wind damage, though, right? i know the flood damage is coming from federal dollars but what about wind? >> wind damage is completely covered by your policy, that is, and of course that was one of the issues in katrina was did the house blow over before the tidal wave knocked it over, or did the tidal wave knock it over before the wind came. that's really not an issue in this case. it shouldn't be a big debate. it's easy to tell where people are and wind damage is of course completely covered by your homeowners' insurance so we'll be out there he
the government comes out and puts some programs up to try to help them rebuild like they have done in florida and louisiana. i don't know what the government and the president will do for new jersey, but it's typical for the government to step in and help these people. that said, if somebody has bought the right kind of protection, the federal government is there. we adjust those claims and help people put their lives back together. >> in terms of putting their lives back together, from...
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Oct 22, 2012
10/12
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chief washington correspondent john harwood is in boca raton, florida. >> this race is dead even. we saw in the poll over the weekend, 47-47 among likely voters. and this is a third chance for mitt romney to raise his stature in this race and compete on an even more level playing field on issues of national security and our poll this weekend we showed romney drawing close to president obama on who would be better as commander in chief. this is a real opportunity for him. now, even though the subjects are foreign policy, you can be sure that the candidates are going to turn those foreign policy issues into domestic concerns because the economy is what people care about. on china they'll talk about protecting u.s. jobs. in afghanistan, president obama will talk about the need to take troops back and begin nation building at home. on the middle east, libya and unrest in other middle eastern countries, the backdrop will be stabilizing oil prices all ways of making this relevant for voters who have seen them debate twice and after that it's about turnout and the ground game for both co
chief washington correspondent john harwood is in boca raton, florida. >> this race is dead even. we saw in the poll over the weekend, 47-47 among likely voters. and this is a third chance for mitt romney to raise his stature in this race and compete on an even more level playing field on issues of national security and our poll this weekend we showed romney drawing close to president obama on who would be better as commander in chief. this is a real opportunity for him. now, even though...
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Oct 29, 2012
10/12
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mainly out in florida and also the midwest. it was quite an airlift operation. >> i mean, we know that we are just at the beginning of this and it is going to get a lot worse. once sandy makes landfall. which we are expect something the next two hours. you don't know the total financial impact on to the airline but what kind of estimate are you expecting in terms of the cost and lost revenue due to a storm like this? you know, you know our industry pretty well. while it is a receive lou lossuation it is a lot of cost we are not spending in terms of operating flights day in and day out. way too early to come up with an estimate but have one over the course of the next week after everything is -- back together and operating as expected. >> all right. we will check in with you again. again, 14,000 flight cancelations for the entire industry. 1300 flight cancelations of jetblue. good to have you on the program. thanks for your time tonight. >> thanks. >> it certainly won't be business as usual for tomorrow. top money watchers will
mainly out in florida and also the midwest. it was quite an airlift operation. >> i mean, we know that we are just at the beginning of this and it is going to get a lot worse. once sandy makes landfall. which we are expect something the next two hours. you don't know the total financial impact on to the airline but what kind of estimate are you expecting in terms of the cost and lost revenue due to a storm like this? you know, you know our industry pretty well. while it is a receive lou...
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Oct 23, 2012
10/12
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you go to new york city, san francisco, florida, you go around the country, restaurants are full. you walk into a starbucks, that stock is down, yet here in the u.s., it's always busy. the same for mcdonald's. i think some of these stocks actually are getting quite cheap and interesting from a domestic perspecti perspective. the wild card still seems to be overseas. >> maria, they keep talking global, global. when i look at some of those companies -- in fact, this morning i was tweeting it out. some companies talking more ambitiously about their u.s. business. you have chicago bridge come out this afternoon. they were talking about their business in the u.s. being okay. >> well, that's the thing. i think corporates today are, you know, healthier and more lean and mean than they've ever been. frankly, i think the corporate sector is very well positioned. the problem is they're sitting on their cash because of the unstiu uncertainties, and are looking at a slower demand picture outside of the united states. that's what we're seeing in these earnings. but when things turn, the corpor
you go to new york city, san francisco, florida, you go around the country, restaurants are full. you walk into a starbucks, that stock is down, yet here in the u.s., it's always busy. the same for mcdonald's. i think some of these stocks actually are getting quite cheap and interesting from a domestic perspecti perspective. the wild card still seems to be overseas. >> maria, they keep talking global, global. when i look at some of those companies -- in fact, this morning i was tweeting...